Determinethe quantity variance price variance and total

Reference no: EM13609090

The following information is for the standard and actual costs for the Happy Corporation.

Standard Costs:
Budgeted units of production - 16,000 (80% of capacity)
Standard labor hours per unit - 4
Standard labor rate - $26 per hour
Standard material per unit - 8 lbs.
Standard material cost - $ 12 per pound
Standard variable overhead rate - $15 per labor hour
Budgeted fixed overhead - $640,000
Fixed overhead rate is based on budgeted labor hours at 80% capacity.

Actual Cost:
Actual production - 16,500 units
Actual material purchased and used - 130,000 pounds
Actual total material cost - $1,600,000
Actual labor - 65,000 hours
Actual total labor costs - $1,700,000
Actual variable overhead - $1,000,000
Actual fixed overhead - $640,000
Actual variable overhead - $1,000,000

Determine:the quantity variance, price variance, and total direct materials cost variance; he time variance, rate variance, and total direct labor cost variance; and the volume variance, controllable variance, and total factory overhead cost variance.

Reference no: EM13609090

Questions Cloud

Digrande corporation is investigating buying a small used : digrande corporation is investigating buying a small used aircraft for the use of its executives. the aircraft would

How far should the crew fly to go directly to the field use : a plane leaves seattle flies 75.0rm mi at 22.0circ north of east and then changes direction to 55.0circ south of east.

Excerpts from raimo corporations comparative balance sheet : excerpts from raimo corporations comparative balance sheet appear below which of the following is the correct treatment

Find the final pressure in the cylinder determine the heat : five lbm of water 60 degree f is contained in a vertical cylinder by a frictionless piston of a mass such that the

Determinethe quantity variance price variance and total : the following information is for the standard and actual costs for the happy corporation.standard costsbudgeted units

Assume a ball is launched from ground level with initial : assume a ball is launched from ground level with initial velocity magnitude v. the ball travels a horizontal distance d

At the end of each month for the next ten years you will : at the end of each month for the next ten years you will receive cash flows of 50. if the appropriate discount rate is

A particle moves along a circular path of radius 300 if : a particle moves along a circular path of radius 300 . if its angular velocity is 2t where is in seconds determine the

Cuarto corporation just invested in a project that has an : cuarto corporation just invested in a project that has an internal rate of return of 24. this project is expected to

User Account

All Pages